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Microcap & Penny Stocks : AppNet Systems, Inc. (APNT) -- Ignore unavailable to you. Want to Upgrade?


To: DAY TRADER who wrote (28)6/24/1999 4:16:00 PM
From: Gordon Gekko  Read Replies (1) | Respond to of 232
 
Too many shares were offered and not enough public awareness. It also didn't help that one of APNT's main competitors (VIAN) went public the same day. Whoever decided to price last Friday is an idiot.

I am not terribly concerned though. They are truly a leader and I expect the stock to rebound considerably once the quiet period ends.

Take a look at the initial performance of JWEB. Their initial 30 day performance was sub-par, but look at them now with the coverage they just received.

I expect somewhat of a repeat performance with APNT.

GG